After natural gas closed last week just above the $4 mark, Monday has seen an $.18 cent drop in the prompt contract. Thus, business electricity prices continue to trade sideways. The short term market outlook is rather soft as you consider the fundamentals. The potential impact of tropical weather is fading fast as the predicted. Read the Rest…
Category Archive
for: ‘Business Electricity’
Will Natural Gas Prices Rise This Year?
As the hot days of summer dwindle away, and having seen a rather uneventful hurricane season, it should come as no surprise that natural gas prices have failed to break out of their recent trading range in sub $4 territory. Great news if you need to lock in a new business electricity contract. Not so. Read the Rest…
Electricity Prices Relatively Unchanged
Business electricity prices remained relatively unchanged as we wrapped another week of sideways trading in natural gas market. The NG OCT10 contract settled up 11.5 cents to close at $3.883 per MMBTU.
Business Electricity Prices Hold At Support
Business electricity prices continue to hold at support with Natural Gas (NGOCT 10) closing yesterday, down 4.6 cents to $3.76 / mmbtu on the Nymex Henry Hub. Between August 26 and Sept 10, we have traded in a range between $3.95 and $3.69. Yesterday saw storage come about where we expected it to at net. Read the Rest…
Electricity Prices Drop on Light Storage Draw
Electricity prices fell Thursday morning upon release of the latest natural gas storage report. According to the Energy Information Agency there was a withdrawal of 115 billion cubic feet of natural gas during the week of January 29th. The consensus among insiders was that there would be a draw of approximately 122 bcf. The same. Read the Rest…
